Elon Musk’s Platform to Launch “Smart Cash Tag” Feature

Elon Musk’s social media platform is set to introduce a “smart cash tag” feature next month, allowing users to track real-time price changes for cryptocurrencies and stocks.

One of the concept images hints at an in-app trading capability that has been highly anticipated.

In a recent update on X, product director Nikita Via mentioned that users will have access to smart contract information for crypto tokens. Additionally, each asset will display “mentions,” showcasing recent conversations and news tied to the relevant company or team.

“X is the best source for financial news, and hundreds of billions of dollars are invested based on what people read here,” Beer commented, adding that they plan to gather public feedback before launching the feature officially in February.

Integrating finance into X has been a part of Musk’s vision since he took over the platform in October 2022, aiming to evolve it into an “everything app.”

History of Cash Tag Functionality

X initially rolled out the CashTag feature in December 2022, which featured price charts for Bitcoin (BTC), Ether (ETH), and major stocks, but this was later removed.

These charts were powered by TradingView and included a link for users on how to navigate Robinhood.

The upcoming “smart cash tag” seems to promise additional features, as one of the concept images included a “buy” and “sell” option. However, details on how it will function or its release timeline remain unclear.

At the same time, while X has obtained money transfer licenses in at least 25 US states, the readiness for enabling payments, including cryptocurrency transactions, is still uncertain.

Cointelegraph attempted to contact X for further clarification but did not receive a response immediately.

Concerns About Content Suppression

This news follows recent allegations from the crypto community claiming that social media sites are stifling legitimate crypto content while allowing spam to overrun their feeds.

Beer addressed the criticism in a now-deleted post, asserting that these claims were fabricated.

Musk also indicated that his team plans to open-source X’s recommendation algorithm soon, potentially within the next week.